Report concludes NBA team in Louisville not worth the effort

5:28 PM,
Nov. 14, 2012

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Written by

Marcus Green | The Courier-Journal

An economic analysis performed by a Massachusetts research firm concludes a National Basketball Association team in Louisville would add $2.4

million annually to the local economy in the form of tax revenues and job creation but not make up for the potential costs of luring a team.

Over an 11-year period - the average tenure of several franchises with multiple relocations - Louisville stands to gain roughly $18.6 million, the report by Cambridge Economic Research of Cambridge, Mass., found. It stated that costs such as relocation fees, lease rights and venue upgrades "can range" around ...